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20120901
20120930
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KQED (PBS) 24
KQEH (PBS) 14
WETA 13
WMPT (PBS) 12
KRCB (PBS) 10
LANGUAGE
English 73
Search Results 0 to 49 of about 73 (some duplicates have been removed)
PBS
Sep 10, 2012 4:30pm PDT
consumers act how they respond to incentives. as darren gersh reports, amazon is now testing whether its customers will pay $15 more to not see advertisements on the latest kindle tablets. >> reporter: how much would you pay to not be interrupted? in the digital world, amazon is trying to find a precise answer to that question. >> traditionally where it's been hard to serve ads because they seem interruptive, by really drawing that line for consumers between paying with dollars and paying with eyeballs, amazon may be taking a big step towards paving the way for other media outlets to be able to charge to serve an ad-free environment. if enough people are willing to pay for ad-free, amazon might even take the next logical step. >> what amazon is amazing for is personalization. how about if you have to pay $200 to not get interrupted and i only have to pay $2 to not get interrupted? >> reporter: andreas weigend was amazon's chief scientist. now he advises companies on social data and consumer behavior. as technology gets better at figuring out where people are and what they might be doing,
PBS
Sep 11, 2012 4:30pm PDT
to be fed chairman after his term expires in january 2014. darren gersh looks at who may lead the bank if there's a change in the white house in november. >> reporter: there are many jobs a new president gets to hand out, but few are as important or make for a more delicate transition than chairman of the federal reserve. the first rule for governor romney or any other new president is simple-- don't pick a fed chairman who will make quick changes that will scare the markets. >> if you're thinking about a romney administration making a significant change that would be noticeable to anyone outside of, lets say economists or financial market professionals, we're probably all going to be disappointed. >> reporter: republicans have expressed some concern the current fed has been too cozy with the treasury and the obama administration. but that concern may fade after the election. >> i think you'd see a move away from that, so that's easy to say now, before someone has the reins of power. if... when they actually get the reins of power, they might actually prefer to have a more cozy relatio
PBS
Sep 13, 2012 4:30pm PDT
points. fed chairman ben bernanke described today's move as "a main street policy." darren gersh reports. >> if you are unemployed or worried about keeping your job, the federal reserve today had a clear message for you-- "we're here to help." federal reserve chairman ben bernanke explained the central bank's decision to take the aggressive and innovative step of launching an open-ended program to buy up mortgage securities. the idea bernanke said is to bring down interest rates on mortgages and other loans even further in a bid to shake the economy out of its rut, and make sure high long-term unemployment does not become a permanent feature of the american economy. >> this is a main street policy, because what we're about here is trying to get jobs going. we're trying to create more employment, we're trying to meet our maximum employment mandate, so that's the objective. >> reporter: bernanke and his colleagues may have been slow to get here, but supporters of a bold approach say the fed did what was needed. >> the fed, normally, it's view is to take away the punchbowl as soon as the pa
PBS
Sep 18, 2012 4:30pm PDT
that number actually mean for the country's bottom line? as darren gersh kicks off our look this week at the national debt, he says it's more complicated than you might think. >> reporter: for this story, i'm going to ask you to focus on three numbers-- 11.3 trillion, 4.8 trillion and 16.4 trillion. why 11.3 trillion? it's the amount of money the federal government owes to the public. that's people who hold u.s. treasuries in their mutual funds and governments like china that buy our debt. debt held by the public is the number that markets focus on. >> and this is what has economists worried is because we are adding to our debt held by the public faster than we are adding to the size of our economy. >> reporter: debt held by the public, that $11.3 trillion, is debt that must be paid. >> when you are talking about debt held by the public, if you don't pay it on time and in the ght amount, then there's a default, and that's catastrophic. >> reporter: now, $4.8 trillion is the amount of debt held in places like the social security and medicare trust funds. technically, this is called an
PBS
Sep 20, 2012 4:30pm PDT
's massive holdings give it leverage over the u.s. darren gersh reports from washington d.c. >> reporter: when the u.s. was preparing a $5 billion deal to sell arms to taiwan last year, a chinese columnist at the influential people's daily fired a warning shot: it was time for china to use it's "financial weapon" to teach the u.s.a. a lesson. since then, the pentagon and other security analysts have come to think of the threat china will use its trillion dollar plus portfolio of treasury bonds to punish the u.s. as something of a bluff. >> it's always out there as a possibility, but i think the weight of the evidence, particularly from economists has been that it's not a credible threat. that the cost to them would probably be larger than the cost to us. >> reporter: inside china, there are conflicting views of beijing's role as banker to the united states government. some see it as a source of leverage, but others see chinese holdings of u.s. debt as an investment with little return. >> it's not invested in their own country. it hasn't been given to their own people. it's a gigantic was
PBS
Sep 24, 2012 4:30pm PDT
heading down. and, as darren gersh reports, she is calling on leaders in europe and the u.s. to change direction. >> reporter: the managing director of the i.m.f. has been described as the world's chief financial fire fighter. and today, christine lagarde urged policy makers in europe to make sure another spark doesn't re-ignite the crisis. >> we need a sustained rebound, a sustained rebound, not a bounce. if this time is to be different we need certainty more than uncertainty. and we need decision makers to turn into action takers. >> reporter: again and again, european leaders have shown they follow dramatic breakthroughs by enacting them slowly or not at all. the latest example is a plan to create a european banking union. over the weekend, e.u. leaders clashed over how fast they should move to put reforms in place. >> it shows a little bit the contradiction of the european project. in many aspects and certainly financially and economically, it is one nation, it's one economy, and yet, politically when it comes to sovereign decision- making it is 17 sovereign nations coming together
PBS
Sep 27, 2012 4:30pm PDT
, there are big new challenges ahead in the form of the fiscal cliff and the ongoing mess in europe. darren gersh tonight takes a look at the risks ahead and the prospects for the economy's one clear bright spot, housing. >> reporter: this muddle-through economy of ours is going to become even more muddled in the months ahead. the latest readings on durable goods show businesses are clearly worried about hiring people and buying new machines in the face of the looming battle over federal spending and tax cuts known as the fiscal cliff. >> we need to get past the election, we need to get past the fiscal cliff, have some certainty about the conduct of fiscal policy over 2013, and maybe see some further progress in europe to lift this veil of uncertainty that's holding back both businesses and households. >> reporter: at the margin, the falling number of people filing for unemployment insurance is likely to bolster consumer confidence. but economists are looking for about a 100,000 increase in payrolls in the september employment report out next friday. call that a guarded outlook. >> in the fourth
PBS
Sep 28, 2012 4:30pm PDT
place for investors to put their money. darren gersh explains. >> reporter: for an investment designed to be as boring as possible, money market funds have set off a fierce regulatory battle. last month, the s.e.c. deadlocked over new rules to strengthen money market fund regulation. today, the new financial stability oversight council headed by the us treasury said it is preparing to act to protect the economy. >> if investors get any sense that there might be a failure, they'll all race for the exit. and that's the equivalent of a run on the bank and there is no one there-- no one like a parent with capital or the fdic to supply capital if there's that kind of race for the et. >> reporter: three options are on the table. instead of a fixed value of $1, money market funds could be required to use a floating value. regulators are also considering whether money market fund companies should hold some of their assets as a buffer against a surge in withdrawals or whether to require investors to wait before they can get back a portion of their money. the s.e.c. could try again to pass new r
PBS
Sep 7, 2012 7:00pm PDT
: this is darren gersh. the president cast the august jobs report as another positive step on the long road towards recovery. >> today, we learned that after losing 800,000 jobs a month when i took office, business once again added jobs for the 30th month in a row, a total of more than 4.6 million jobs. >> reporter: the turnaround was dramatic, but measured against the number of jobs lost in the great recession, the president's policies have only gotten the nation part of the way back to normal. >> a recovery package that was only ever intended to generate around three million jobs when you are fighting something that is going to make you lose eight million jobs, that's just not enough. >> reporter: the administration argues the president would have done more, but he got no help from republicans in congress. >> the president has been focused on taking steps to strengthen the economy, to strengthen job growth, he's worked with congress to do this, he has asked congress for more assistance to help the economy, there are steps congress could take right now that would strengthen the economy. but he too
PBS
Sep 5, 2012 6:30pm PDT
right, there's going to be a lot of opinions about this tomorrow. thanks, darren gersh, on the road in roanoke, virginia. >> tom: >> tom: we asked out facebook friends, if they're better off now than four years ago? deloris k. says "no way, my family and i have been struggling to make ends meet. how am i better?" but tamee g. disagrees, saying "i am better off because the pell grant funded my nursing education after i was laid off my admin job in 2009." remember, you can visit us anytime online, we're @bizrpt on facebook and twitter. >> susie: investors finally liking facebook! shares of the social network jumped almost 5% today to close at $18.58. that reaction came as facebook used a regulatory filing to announce what amounted to a repurchase of several million shares, and to tell investors that its largest shareholder ceo mark zuckerberg has no plans to sell his shares or options for at least another year. facebook stock has lost over half of its value since going public at $38 a share in may. >> tom: let's get going with tonight's "market focus." the major indices meandered arou
PBS
Sep 6, 2012 6:30pm PDT
of any president in history. in the swing state of virginia, darren gersh asked voters whether their patience is running out. >> reporter: all the videos and speeches at the democratic national convention are aimed at voters in key swing states like virginia. here in northern virginia, the economy has rebounded from the great recession to a remarkable degree, but even here, opinion is sharply divided on whether the president has done enough. the housing market in parts of northern virginia is back at record levels. unemployment in the area is just 4.5%. government spending has had a huge impact here. >> we have virtually no unemployment in places like arlington county, where the unemployment rate is under 3%. >> reporter: but not everyone is giving the president credit for northern virginia's relative good fortune. owner linda caldwell says business is slow at the occoquan coffeehouse. >> i don't see too much effect in straightening things out, one way or the other. >> reporter: and the argument president clinton made that no president could have fixed in four years all the eco
Search Results 0 to 49 of about 73 (some duplicates have been removed)